Yext, Inc. earnings

Yext's fiscal 2027 second quarter continued a deliberate reshaping of its customer base. Revenue of $111.1 million in the quarter was down 1.8% year over year from $113.1 million, and the erosion comes almost entirely from small accounts.

Yext closed the first quarter of fiscal 2027 with a smaller top line and better margins. Revenue was $107.9 million for the quarter ended April 30, 2026, down 1% from $109.5 million a year earlier. Management points to customer attrition and an intentional shift away from smaller accounts.

Yext closed fiscal 2026 with a fourth quarter that showed mixed top-line trends but much stronger profitability. Revenue slipped 1.0% year over year to $112.0 million. Gross profit declined 5.2% to $82.3 million, and gross margin compressed to 73.5%, down 3.3 percentage points. The bottom line improved sharply.

Yext entered its third fiscal quarter of 2026 with a smaller top line but much better profitability. Revenue was $112.0 million, down 1.7% from the prior-year quarter. Gross profit was $82.8 million, down 5.6%, and gross margin fell to 73.9%, down 3.0 percentage points.

Yext's fiscal 2026 second quarter landed with a corporate event sitting on top of the financials.

Yext reported FY2026 Q1 revenue of $109.48 million, up 14.1% from the prior-year quarter. Gross profit rose 10.7% to $82.38 million, but gross margin slipped to 75.2% from 77.6%, a decline of 2.3 percentage points.

Yext ended fiscal 2025 with fourth quarter revenue of $113.1 million, up 11.9% from the prior-year quarter. Full-year revenue was $421.0 million, up 4.1%.

Yext closed the third quarter of fiscal 2025 as a larger but less profitable company. Revenue was $114.0 million in the quarter ended October 31, 2024, up from $101.2 million a year earlier, a 13% increase. The gain came entirely from three months of Hearsay Systems results, following the August 1, 2024 close.

Yext reported second quarter fiscal 2025 revenue of $97.9 million, down 4.6% from $102.6 million a year earlier. Management tied the decline to a large customer that churned during the three months ended January 31, 2024. Gross profit fell 5.7% to $75.6 million, and gross margin was 77.2%, down from 78.2%.

Yext's first quarter fiscal 2025 revenue was $95.99 million, down $3.46 million or 3.5% from the prior-year quarter. Gross profit was $74.44 million, down $3.66 million or 4.7%, and gross margin was 77.6%, down 1.0 percentage point.

Yext finished fiscal 2024 with a fourth-quarter revenue decline and a much stronger bottom line. Revenue was $101.1 million for the quarter, down 0.8% from the prior-year quarter. Gross profit was $79.4 million, up 5.4%. Gross margin reached 78.6%, up 4.6 percentage points.

Yext reported third quarter fiscal 2024 revenue of $101.16 million, up 1.9% from $99.28 million in the prior-year quarter. Gross profit rose 7.4% to $79.10 million from $73.62 million, and gross margin expanded to 78.2% from 74.2%.

Yext reported revenue of $102.6 million for the second quarter of fiscal 2024, up 1.7% from $100.9 million a year earlier. Growth was 1% on a constant currency basis, so foreign exchange gave the reported top line a small lift. Gross profit of $80.2 million rose 8.7%, and gross margin expanded to 78.2% from 73.2%.

Yext reported revenue of $99.5 million for the first quarter of fiscal 2024, up 0.7% from $98.8 million a year earlier. Currency moves trimmed about $1.3 million from the top line, and revenue on a constant currency basis reached $100.8 million.

Yext closed fiscal 2023 with fourth-quarter revenue of $101.9 million, up 1.0% from the prior-year quarter. On a constant currency basis, revenue rose 3%, after a roughly $2.3 million negative foreign exchange impact.

Yext's third quarter of fiscal 2023 showed flat top-line performance and much better bottom-line results. Revenue was $99.28 million, flat year over year.

Yext reported revenue of $100.9 million for the second quarter of fiscal 2023, up 3% from $98.1 million in the prior-year quarter. The top line included a negative impact of approximately $2.8 million from foreign currency exchange rates on a constant currency basis. Revenue growth on a constant currency basis was 6%.

Yext posted first quarter fiscal 2023 revenue of $98.8 million, up 7.4% from $92.0 million in the prior-year quarter. Gross profit rose 5.6% to $74.1 million from $70.1 million. Gross margin slipped to 75.0% from 76.2%, a decline of 1.3 percentage points.

Yext closed fiscal 2022 with fourth quarter revenue of $100.93 million, up 9.5% from $92.19 million in the prior-year quarter. Full year revenue reached $390.58 million, up 10.1% from $354.66 million. Gross profit rose 8.2% to $76.36 million in the quarter and 9.0% to $292.28 million for the year.

Yext closed the third quarter of fiscal 2022 with revenue of $99.5 million, up 11.8% year over year. Gross profit rose 10.2%, to $74.3 million. The bottom line moved the other way.

Yext posted revenue of $98.1 million for the second quarter of fiscal 2022, up 11.4% from $88.1 million in the prior-year quarter. New customer subscriptions and expansions at existing accounts drove the gain.

Yext closed FY2022 Q1 with revenue of $92.0 million, up 7.8% from the prior-year quarter. Gross profit rose 9.3% to $70.1 million, and gross margin improved 1.1 percentage points to 76.2%. The company still posted an operating loss, but it narrowed 41.0% to $17.2 million.

Yext closed fiscal 2021 with fourth quarter revenue of $92.2 million, up 13.3% from $81.4 million in the prior-year quarter. Full year revenue was $354.7 million, up 18.7% from $298.8 million. Gross profit was $70.6 million in the quarter, up 16.8%, and $268.3 million for the full year, up 20.9%.

Yext reported third quarter fiscal 2021 revenue of $89.1 million, up 16.6% from the prior-year quarter. Gross profit was $67.4 million, up 20.4%, and gross margin reached 75.7%, up 2.4 percentage points. The company still posted an operating loss of $21.8 million, but that loss narrowed by 49.2% year over year.

Yext's fiscal 2021 second quarter revenue rose 22% to $88.1 million from $72.4 million in the prior-year quarter. Gross profit increased 24% to $66.1 million, and gross margin improved to 75.0% from 73.4%.

Yext opened fiscal 2021 with revenue of $85.35 million in the quarter ended April 30, 2020, up 24.2% from $68.71 million a year earlier. Gross profit rose to $64.17 million, up 22.8%. Gross margin eased to 75.2% from 76.0% in the prior-year quarter.